← MAGNITE, INC.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $278.2m $155.5m $124.7m $156.4m $221.6m $468.4m $577.1m $619.7m $668.2m $714.0m
Cost of Revenue $73.2m $56.8m $60.0m $57.4m $77.7m $201.7m $307.2m $409.9m $258.8m $266.6m
Gross Profit (Calculated) $205.0m $98.7m $64.7m $99.0m $143.9m $266.8m $269.9m $209.8m $409.3m $447.3m
Operating expenses:
Operating Income (Loss) ($24.9m) ($157.0m) ($63.6m) ($27.6m) ($54.2m) ($81.1m) ($112.8m) ($155.0m) $51.1m $97.6m
Additional Financial Items
Amortization of Intangible Assets $20.5m $4.8m $3.2m $3.3m $24.9m $121.9m $184.4m $202.5m $30.1m $15.1m
Capitalized Computer Software, Amortization $8.3m $11.1m $7.2m $7.5m $8.3m $9.0m $12.6m $14.3m $12.0m $13.7m
Foreign Currency Transaction Gain (Loss), before Tax $939k ($1.2m) $389k ($481k) ($2.2m) $1.5m $1.1m ($2.0m) $5.1m ($7.0m)
Goodwill, Impairment Loss — $90.3m — — — — — — — —
Income (Loss) from Continuing Operations before Income Taxes, Domestic $25.7m ($104.8m) ($62.3m) ($28.1m) ($57.3m) ($105.2m) ($145.5m) ($165.3m) $19.5m $62.4m
Investment Income, Interest — — — — — — — — $13.4m $12.7m
Other Operating Income $554k $688k $766k $285k $3.7m $4.5m $5.3m $5.3m $5.1m $1.1m
Preferred Stock Dividends, Income Statement Impact $0 — — — — — — — — —
Realized Investment Gains (Losses) — $0 — — — — — — — —
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest ($22.9m) ($156.5m) ($61.5m) ($27.0m) ($52.7m) ($95.0m) ($135.6m) ($157.5m) $26.5m $70.6m
Net Income (Loss) Attributable to Parent ($18.1m) ($154.8m) ($61.8m) ($25.5m) ($53.4m) $65k ($130.3m) ($159.2m) $22.8m $144.6m
Net Income (Loss) Available to Common Stockholders, Basic ($18.1m) ($154.8m) ($61.8m) ($25.5m) ($53.4m) $65k ($130.3m) ($159.2m) $22.8m $144.6m
Earnings Per Share, Basic ($0.39) ($3.17) — ($0.48) ($0.55) $0.00 ($0.98) ($1.17) $0.16 $1.01
Earnings Per Share, Diluted ($0.39) ($3.17) — $0.03 ($0.55) $0.00 ($0.98) ($1.17) $0.16 $0.95
Weighted Average Number of Shares Outstanding, Basic 46.7m 48.9m — — 96.7m 126.3m 132.9m 136.6m 140.6m 142.6m
Weighted Average Number of Shares Outstanding, Diluted 46.7m 48.9m — 59.6m 96.7m 136.3m 132.9m 136.6m 146.8m 153.8m
Other income (expense):
Research and Development Expense $51.2m $47.5m $37.9m $40.3m $51.5m $74.4m $93.8m $94.3m $95.2m $84.7m
Selling and Marketing Expense $83.3m $51.8m $44.6m $44.6m $76.0m $170.4m $200.1m $174.0m $166.1m $171.7m
General and Administrative Expense $68.6m $55.6m $42.4m $41.8m $53.0m $64.8m $81.4m $89.0m $96.9m $93.2m
Interest Expense (non-operating) — — — — — — — — $27.0m $18.9m
Business Combination, Acquisition Related Costs — — — — — $28.4m $917k $0 — —
Costs and Expenses $303.1m $312.5m $188.3m $184.0m $275.9m $549.5m $689.9m $774.7m $617.1m $616.4m
Current Income Tax Expense (Benefit) $1.8m ($312k) $406k $156k $988k $3.9m $3.6m $3.9m $3.6m $4.3m
Interest Expense, Debt — — — — — — — — $40.4m $31.6m
Operating Lease, Expense — — — $7.8m $13.4m $20.7m $23.3m $24.5m — —
Income Tax Expense (Benefit) ($4.9m) ($1.8m) $357k ($1.5m) $693k ($95.1m) ($5.3m) $1.6m $3.7m ($74.0m)
Nonoperating Income (Expense) $2.0m $431k $2.1m $593k $1.5m ($13.9m) ($22.8m) ($2.5m) ($24.6m) ($27.0m)
Interest Income (Expense), Net $491k $908k $988k $789k $50k ($19.8m) ($29.3m) ($32.4m) — —

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.